Private Advisor Group LLC Has $227,000 Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Private Advisor Group LLC decreased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 45.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,749 shares of the company’s stock after selling 1,469 shares during the period. Private Advisor Group LLC’s holdings in Live Nation Entertainment were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LYV. Brooklyn Investment Group bought a new position in Live Nation Entertainment in the third quarter valued at approximately $31,000. Golden State Wealth Management LLC bought a new stake in Live Nation Entertainment in the 4th quarter valued at $42,000. Retirement Wealth Solutions LLC acquired a new stake in Live Nation Entertainment in the 4th quarter valued at $44,000. Independence Bank of Kentucky acquired a new stake in Live Nation Entertainment in the 4th quarter valued at $45,000. Finally, Morse Asset Management Inc acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on LYV shares. Bank of America boosted their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Citigroup upped their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and set a $146.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Finally, Roth Mkm upped their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.27.

Live Nation Entertainment Stock Down 4.3 %

Shares of NYSE LYV opened at $130.90 on Friday. The firm has a market cap of $30.55 billion, a PE ratio of 48.13, a P/E/G ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $157.75. The company’s fifty day simple moving average is $140.60 and its 200 day simple moving average is $125.32. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. As a group, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares of the company’s stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.72% of the company’s stock.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.